Market report · June 2026
Every city was down. Sales rose anyway.
The short version
June produced a set of figures that look contradictory until you read them together. The median detached home in the Coachella Valley closed at $654,333, down 5.2 percent year on year, and every single city recorded a decline, from 0.6 percent in Bermuda Dunes to 7.8 percent in Coachella. And yet 708 units sold against 686 a year earlier, dollar volume rose to $648 million, inventory fell 10.5 percent and months of supply improved from 5.5 to 4.7. Prices fell. Transactions rose. Those are not opposing facts. One is frequently the cause of the other.
At a glance
Source: The GPSR Desert Housing Report, June 2026, produced by Market Watch LLC for Greater Palm Springs REALTORS. Ninety day period ending June 30, 2026.
Every city, without exception
This is the unusual part. In most months some cities rise while others fall. In June every one declined on the price of its average size detached home.
| City | Average size detached | Year on year | From 2022 peak |
|---|---|---|---|
| Bermuda Dunes | $682,700 | −0.6% | −17.5% |
| Indian Wells | $2,039,130 | −1.1% | −0.1% |
| Cathedral City | $565,993 | −1.5% | −8.1% |
| La Quinta | $853,897 | −2.0% | −6.4% |
| Indio | $614,867 | −3.3% | −7.0% |
| Rancho Mirage | $1,355,550 | −3.7% | −7.4% |
| Palm Desert | $691,711 | −4.7% | −14.2% |
| Desert Hot Springs | $396,854 | −4.8% | −6.8% |
| Palm Springs | $1,172,264 | −6.1% | −17.3% |
| Coachella | $462,511 | −7.8% | −6.4% |
The report calculates these by multiplying each city’s median price per square foot over ninety days by the average home size in that city, which is more stable than a straight median of whatever happened to sell.
Read the last column rather than the third. Year on year tells you about twelve months. The distance from the 2022 peak tells you how much of the pandemic gain each city has given back, and the spread is enormous: Indian Wells is effectively level with its high, while Palm Springs and Bermuda Dunes have surrendered around 17 percent.
And yet more homes sold
708 units against 686 a year ago. $648 million against $628 million. Inventory down 348 units.
Prices falling and transactions rising are not opposing facts.
One is frequently the cause of the other. A market clears when expectations on both sides finally meet, and in June they met more often than they did a year earlier.
One caution against reading that as a recovery. Seasonally adjusted, sales remain 22.5 percent below historic norms, and that gap widened from 19.3 percent in May. The market is functioning. It is not busy.
Where the money went
| City | Monthly dollar sales | Units a month | Inventory | Months of supply |
|---|---|---|---|---|
| Palm Springs | $147.3M | 155 | 638 | 4.1 |
| La Quinta | $136.4M | 95 | 381 | 4.0 |
| Palm Desert | $133.0M | 166 | 665 | 4.0 |
| Rancho Mirage | $85M | 70 | 330 | 4.7 |
| Indio | $52M | 93 | 384 | 4.1 |
| Indian Wells | $39M | 21 | 97 | 4.5 |
La Quinta again does more dollar volume than Palm Desert on far fewer sales: $136 million across 95 transactions against $133 million across 166. Roughly $1.4 million per sale against $800,000. It is a concentration market rather than a volume one.
Homes above one million accounted for 54.9 percent of all dollar volume in the Valley.
The Indian Wells anomaly
Two figures from the same report, same city, same month.
Indian Wells is the only city in the Valley that has essentially held its pandemic era detached pricing, and its attached market is the only one anywhere above its 2022 high, by a wide margin.
Before drawing conclusions, note that Indian Wells averages 21 sales a month.
Across both property types. A handful of unusual transactions moves those percentages considerably, which is precisely why a single city level statistic should never be trusted on its own in a market this small.
Our Indian Wells page carries community level figures for Toscana and The Reserve, which is the resolution the citywide number cannot give you.
Selling times and discounts
Median days in market across the Valley was 51, one day faster than a year earlier and within the 40 to 60 day band the region has held for three years.
Detached homes sold at an average 3.0 percent below list, slightly wider than 2.6 percent a year ago. Attached homes at 3.5 percent. And 9.8 percent of sales closed above asking, down from 11.0 percent.
At the top the discount is wider. Homes above two million sold at an average 5.5 percent below list, the widest of any bracket. Buyers at that level are not rushed.
What this means
If you are selling. The inventory position is in your favour and the pricing position is not. Fewer competing homes than a year ago, but a wider discount at the close and fewer sales above asking. Price to the market you are entering rather than the one you remember. More in our guide to selling a luxury home here.
If you are buying. More leverage than the headlines suggest and less time than you think. Inventory contracted 10.5 percent and months of supply improved from 5.5 to 4.7, so the choice is narrowing even as prices soften.
If you are watching your equity. A citywide figure will mislead you about your own street. Our community guides carry MLS figures for ten private communities individually, updated monthly.
Frequently asked questions
What was the median home price in the Coachella Valley in June 2026?
The median price of a detached home ended June at $654,333, down 5.2 percent from a year earlier. Attached homes closed at $454,750, down 2.2 percent. Both are valleywide figures covering the ninety day period ending June 30, 2026.
Did prices fall everywhere in the Valley?
Yes. Every city recorded a year on year decline in the price of its average size detached home, ranging from 0.6 percent in Bermuda Dunes to 7.8 percent in Coachella. That is unusual. In most months some cities rise while others fall.
If prices fell, why did sales rise?
Because they are measuring different things. The three month average of sales reached 708 units against 686 a year earlier, up 3.3 percent, and dollar volume reached $648 million against $628 million. Prices adjusting downward is often what allows transactions to happen. Buyers and sellers reached agreement more often in June than they did a year ago.
How much inventory is there?
Valley inventory stood at 2,965 units at the end of June, down 348 units or 10.5 percent from a year earlier. Months of supply improved from 5.5 to 4.7, and anything under six reads as balanced.
Which city held its value best?
Indian Wells, by a distance. Its average size detached home sat 0.1 percent below its 2022 peak, effectively level, where Palm Springs sat 17.3 percent below and Bermuda Dunes 17.5 percent below. Indian Wells attached homes rose 24.6 percent year on year and sit 19 percent above their 2022 high. But Indian Wells averages only 21 sales a month, so a small number of transactions moves those figures considerably.
Is this a buyer's or seller's market?
Balanced, on these figures, and moving toward buyers at the top. Months of supply at 4.7 is comfortably under six. But detached homes sold at an average 3.0 percent below list against 2.6 percent a year ago, only 9.8 percent of sales closed above asking against 11.0 percent, and homes above two million sold at an average 5.5 percent discount.
Data: The GPSR Desert Housing Report, June 2026, produced by Market Watch LLC for Greater Palm Springs REALTORS and CDAR. Ninety day period ending June 30, 2026.
Prepared by Laurie McLennan, The McLennan Team at Desert Sotheby’s International Realty
California DRE #01424382 · Information deemed reliable but not guaranteed.